According to the retirement experts from Boston-based investment firm Fidelity Investments, 35-year-olds should have double their annual salary saved.

Double… your… salary… saved.

I’ve run the numbers like a true mathematician and if you currently earn $75,000, you should have a cool $150,000 in the bank.

Also, these very fancy money experts say if you’re 30 and earning $60,000 you should already have half your salary saved.

That be $30,000.

So you should have $30,000 saved by the time you’re 30 and then at least $60,000 saved by the time you’re 35.

These anti-avocado penny pinchers shared their controversial advice in an article for MarketWatch.

“By 30, you should have a decent chunk of change saved for your future self, experts say — in fact, ideally your account would look like a year’s worth of salary,” the article read.

“Thirtieth birthdays are an excellent time to take stock of your future funds, especially as short-term financial obligations solidify, such as continuing to pay off the last of student loans, living on your own (or maybe starting a potentially three-decade stretch of mortgage payments) and raising children.

“Millennials, the generation 20s to mid-30-year-olds fit into, have delayed marriage and home ownership from happening in their 20s (as was the norm decades ago).”

Yeah.

The internet, of course, had a few things to say about it.

I can’t be only one who reads this & thinks “Who are they TALKING to?” I didn’t have that much saved in my 30s. No one I knew had that much saved their 30s & most of us were solid middle class. Is this advice only for the rich? If so, maybe start w/”95% of Americans can ignore.” https://t.co/HlTQM5sYGx

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Top Comments

Snorks2 years ago

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They are an American company so it's a little different, but their original report said you should save 15% of your salary from the age of 25 (post college, etc) and you'd be pretty close to their figures. Most of us are already saving 9.5% through super, so it's not as big of a stretch as it sounds. Not that it's easy of course.

Arielle2 years ago

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And stop buying designer clothes and purses, these things are not affordable for the vast majority of the population. If you are not a Kardashian then it's not for you! Don't buy into the lie.